Karan Balwani

Karan is a writer who shares an undying passion for technology, books and pets. For the past 7 years, he has worked in Business Development and PR before discovering his love for the written word. He regularly posts on his blog (www.k4b6.com) and is working on his debut novel.

OneCoin Leader Arrested Over Pyramid Scam

The leader of OneCoin, the cryptocurrency Ponzi scheme was arrested on 6th March 2019. The company, claims to have 3 million members worldwide, and has generated over €3.3 billion (about 3.7 billion USD) in fraudulent sales. It was later found out that OneCoin’s so called “cryptocurrency” did not even use …

Crypto King Arrested Over AFP Crime Investigation

Sam Karagiozis, popularly known as the crypto king has been accused by the police for the possession on charges of possessing over 66 pounds (30 kg) of drugs and running an organizing crime syndicate. The crypto king revealed that he had lost about $3 million as a result of Bitcoin’s …

Quadriga Wallets are Empty $137 Million Missing

QuadrigaCX is a cryptocurrency exchange which came under a lot of heat recently. The cryptocurrencies held by the exchange was locked away as per the management. This resulted in users being unable to access their crypto holdings. Recently, when an auditor revealed that the wallets set up by the late …

Students Are Mining Crypto On Campus

Universities and college campuses are filled with young minds who are the future of our business and political landscape. They have lead to exceptional innovations over the years and it seems like the students are rapidly picking up another hobby, cryptocurrency mining.  Cisco security researchers have been tracking cryptocurrency mining …

Frequent Thefts Pave The Way For Crypto Insurance

Cryptocurrency hacks have been an ongoing menace for the past few years. In fact, hackers managed to steal $1.7 billion on digital currencies in 2018 alone. These malicious attacks simply end up further tainting the financial technology’s reputation. However, all is not lost as these incidents have paved the way …

WEX and BTC-e exchanges Linked with Ransomware

PricewaterhouseCoopers (PwC) the accountancy group has issued a special report that connects Iranian citizens responsible for the now infamous SamSam ransomware to WEX cryptocurrency exchange (formerly known as BTC-e). The report has laid allegation that the SamSam creators Faramarz Shahi Savandi and Mohammad Mehdi Shah Mansouri utilized WEX exchange in …

JP Morgan HDFC Closing Crypto Company Accounts

Traditional financial institutions have frequently clashed with the decentralized currencies. The large companies that are responsible for controlling the financial landscape through deposits and withdrawals often see cryptocurrencies as ‘disruptors’ of the industry. They are often shown a cold shoulder and denied banking services. According to a recent report that …

FATF Publishes Crypto Guidelines
Cryptocurrency News

FATF Publishes Crypto Guidelines

The Financial Action Task Force (FATF) recently released their preliminary guidelines for cryptocurrencies in an attempt to review its cryptocurrency standard. The FATF was founded in 1989, it acts as an intergovernmental organization that was created to develop policies against money laundering. It’s objective is to “set standards and promote …

Turkey Has The Largest Number of Crypto Users In Europe
Cryptocurrency News

Turkey Has The Largest Number of Crypto Users In Europe

Meltem Demirors, Chief Strategy Officer, CoinShares recently published a chart that clearly shows that Turkey has the largest number of cryptocurrency users in Europe. As per the conducted survey, it was found that 18% of the Turkish population holds digital currencies. As per the survey, a mere 9% of the …

Coinhive Shutting Down
Cryptocurrency News

Coinhive Shutting Down

Coinhive, the service that gained popularity being the most sought after way to secretly mine cryptocurrency is shutting down this month. This news was revealed through a blog post this past Tuesday. The post said that the in-browser Monero miner will discontinue its services on March 8th. There have been …